TFI International (NYSE:TFII) Shares Gap Down After Earnings Miss

TFI International Inc. (NYSE:TFII)’s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $127.61, but opened at $119.58. TFI International shares last traded at $113.09, with a volume of 298,330 shares changing hands.

The company reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.40). TFI International had a net margin of 5.67% and a return on equity of 20.25%. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.54 billion.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TFII. Susquehanna dropped their target price on shares of TFI International from $180.00 to $170.00 and set a “positive” rating for the company in a report on Wednesday, October 23rd. JPMorgan Chase & Co. dropped their price objective on shares of TFI International from $181.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. CIBC boosted their target price on shares of TFI International from $166.00 to $176.00 and gave the stock an “outperformer” rating in a research note on Wednesday, December 4th. National Bankshares lowered their price target on shares of TFI International from $209.00 to $198.00 and set a “sector perform” rating for the company in a report on Wednesday, October 23rd. Finally, TD Securities cut their price objective on TFI International from $180.00 to $171.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $170.85.

Hedge Funds Weigh In On TFI International

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. increased its position in TFI International by 124.8% during the 4th quarter. Brown Brothers Harriman & Co. now owns 236 shares of the company’s stock valued at $32,000 after purchasing an additional 131 shares during the period. CIBC Private Wealth Group LLC boosted its stake in shares of TFI International by 40.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 555 shares of the company’s stock valued at $74,000 after purchasing an additional 160 shares during the last quarter. Legato Capital Management LLC increased its position in shares of TFI International by 8.9% during the fourth quarter. Legato Capital Management LLC now owns 10,468 shares of the company’s stock worth $1,414,000 after buying an additional 859 shares during the period. Plato Investment Management Ltd bought a new position in TFI International during the third quarter worth $134,000. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in TFI International by 7.8% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 37,353 shares of the company’s stock valued at $5,046,000 after buying an additional 2,696 shares during the period. 73.30% of the stock is owned by institutional investors and hedge funds.

TFI International Trading Down 13.8 %

The company has a debt-to-equity ratio of 0.84, a current ratio of 0.98 and a quick ratio of 0.96. The firm’s fifty day moving average is $135.76 and its 200-day moving average is $140.89. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57.

About TFI International

TFI International Inc, together with its subsidiaries, provides transportation and logistics services in the United States and Canada. The company operates through Package and Courier, Less-Than-Truckload (LTL), Truckload (TL), and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items in North America.